Gold surges past $3,900 for the first time as investors seek safety amid global uncertainty
Gold prices have surged to fresh record highs, breaching $3,900 an ounce for the first time as investors sought refuge from global economic and political uncertainty.The precious metal traded at $3,956.19 per ounce in late deals, extending this year’s gain
Stocks rise on slower-than-expected inflation
BW FILE PHOTOPHILIPPINE SHARES rebounded on Tuesday as data showed slower-than-expected inflation in September and as investors went bargain hunting. The Philippine Stock Exchange index (PSEi) jumped by 1.39% or 83.51 points to close at 6,083.83, while the broader all shares
Ineos blames cheap Chinese imports and high energy costs as it cuts 60 jobs in Hull
Billionaire Sir Jim Ratcliffe’s petrochemicals group Ineos has announced plans to cut 60 jobs at its Hull Acetyls plant in East Yorkshire, citing “dirt-cheap, carbon-heavy imports from China” and “sky-high” UK energy costs.The redundancies represent around a fifth of the
UK investors withdraw record £3.6bn from shares as market jitters drive shift to bonds and cash
UK investors withdrew a record £3.6 billion from equity funds during the third quarter, marking the worst three-month run for stock market investments since Calastone began compiling data in 2015.The figures highlight growing caution among investors who have been spooked
Gas turbine backlog expected to delay PHL LNG expansion
Gas turbine backlog expected to delay PHL LNG expansion - BusinessWorld Online The ISH floating storage unit berths at the AG&P’s Philippines LNG terminal in
Crop insurance coverage targeted for expansion to 4.2 million farmers in 2026
Crop insurance coverage targeted for expansion to 4.2 million farmers in 2026 - BusinessWorld Online THE Department of Agriculture said it requested P8 billion in
Jan. rice import window plan under DEPDev review
Jan. rice import window plan under DEPDev review - BusinessWorld Online REUTERSTHE Department of Economy, Planning, and Development (DEPDev) said it is reviewing a proposal
Tourism, BPOs most affected by Cebu earthquake, BMI says
Tourism, BPOs most affected by Cebu earthquake, BMI says - BusinessWorld Online STOCK PHOTO | Image by Zany Jadraque from UnsplashCEBU’s tourism and business process outsourcing
PHL seen hindered by high power costs in bid to graduate to higher-value manufacturing
ROBERT LINDER-UNSPLASHTHE electronics and service industries form the core of the Philippines’ competitiveness, but its potential as a site for other types of high-value production is hindered by high power costs and gaps in its infrastructure, according to consulting firm
VAT accounts for 62.9% of first-half Customs revenue
VAT accounts for 62.9% of first-half Customs revenue - BusinessWorld Online PHILSTAR FILE PHOTOVALUE-ADDED TAX (VAT) accounted for 62.9% of Customs revenue in the first